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...joblessness level reached 8.5% at in March because the number of people pushed out of work last month rose 663,000. Each time another 1.7 million people lose their jobs, the unemployment rate moves up another 1%, so if 2.6 million more Americans are fired, the jobless rate will hit 10%. At the current rate at which the economy is shedding workers the 10% level will be reached by the end of July. The counterargument to picking a date only four months from now is that the rate at which people are losing jobs will decelerate. Of course, there...

Author: /time Magazine | Title: Why the Stimulus and Bailout Hit the Government | 4/6/2009 | See Source »

...ensemble's approach to recording. This spontaneity comes across in the listening. From the easy swing of first song "Sweet Lorraine" to the skittering ebullience of "Spain," the album's closer, Raw Jazz sparkles with the brio of live performance. Standout tracks include a jive-worthy version of "Honeysuckle Rose" and "That Old Black Magic," in which Candelaria's bass grounds Tan's larger-than-life channeling of the already larger-than-life Sammy Davis Jr. Exuberant and unexpected, this album reveals a little-known side to a town that clearly knows how to swing...

Author: /time Magazine | Title: Dig It, Daddy-O! | 4/6/2009 | See Source »

...Domenico Dolce and Stefano Gabbana know a thing or two about making a woman look glamorous. Their debut cosmetics line, with ads featuring Scarlett Johansson, promises to live up to the hype. No detail escaped their attention, from the color palette gleaned from their fabric swatches to the powdery rose scent of the lipstick and even the click...

Author: /time Magazine | Title: Ciao Bella! | 4/6/2009 | See Source »

...credit, he closed unnecessary plants, laid off workers, and renegotiated union contracts in an attempt to streamline the company. But he did little to pull his company out of its unsustainable reliance on sales of sport utility vehicles and trucks, which plummeted when gas prices rose to $4 per gallon last year. It is largely this reliance that has led GM into its current crisis...

Author: By Ellen C. Bryson | Title: He’s Leaving, But Not on a Jet Plane | 4/6/2009 | See Source »

Italy's worst earthquake in nearly three decades struck early Monday in the central region of Abruzzo, killing at least 207 people and leaving tens of thousands homeless. As the death toll from the predawn quake rose throughout the day, the tragedy took a bitter twist as it emerged that a local seismologist had predicted a major tremor...

Author: /time Magazine | Title: Italy's Earthquake: Could Tragedy Have Been Avoided? | 4/6/2009 | See Source »

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